Newmont?s NNT pays Q4 royalty
Thursday, February 14 2002 - 01:29 PM WIB
Newmont Mining Corp?s copper and gold mining Indonesian subsidiary PT Newmont Nusa Tenggara(NNT) announced on Thursday that the company has made its fourth quarter royalty payment (October?December 2001) on the exported copper, gold, and silver concentrates on 31 January 2002 to the Government of Indonesia.
NNT said in a statement that the royalty of US$ 3,885,000 had been deposited to the central government?s account in Bank Indonesia.
To date, NNT?s total amount of royalty payments to the Government of Indonesia amounts are US$ 31,392,0000.
NNT operates copper and gold mining in Sumbawa Island, West Nusa Tenggara province. (alex)